1899 $2 1/2 PR68+ Deep Cameo PCGS. CAC. JD-1, R.4....

Description

1899 Quarter Eagle, PR68+ Deep Cameo
Practically Unimprovable Quality
Ideal 19th Century Type

1899 $2 1/2 PR68+ Deep Cameo PCGS. CAC. JD-1, R.4. There was little commercial demand for quarter eagles in 1899, so the Philadelphia Mint struck a modest production of 27,200 coins for circulation that year. The Mint balanced the small business-strike production with a generous proof mintage of 150 pieces to satisfy collector demand. The issue is always eagerly sought after because of its final 19th century date. The proofs were delivered in quarterly batches of 38, 18, 31, and 63 pieces. A single pair of dies was used to strike all the proofs. Walter Breen reported seeing a second proof variety many years ago, but present day researchers believe his second "variety" was actually just a later die state of the first die pair. The reverse proof die has some distinctive, nearly horizontal die polish in the first clear stripe of the shield, making it possible to distinguish between proofs and prooflike business strikes. The issue has a high survival rate and John Dannreuther estimates the surviving population at 90 to 110 examples in all grades.

The present coin is a magnificent Plus-graded PR68 example, with razor-sharp definition on all design elements. The virtually pristine yellow-gold surfaces include deeply reflective fields and richly frosted devices that exhibit remarkable Deep Cameo contrast. Only one finer coin has been certified at either of the leading grading services, making this specimen a Registry Set essential. Overall eye appeal is terrific and the high quality within the grade is confirmed by CAC. This coin is pictured on PCGS CoinFacts. Population: 9 in 68 (3 in 68+) Deep Cameo, 1 finer. CAC: 9 in 68, 0 finer (11/23).
Ex: Public Auction Sale (David Lawrence Rare Coins, 6/2021), lot 9200.(Registry values: P2)
Selections From The Perfection Collection.

Coin Index Numbers: (NGC ID# 288N, PCGS# 97925, Greysheet# 8578)

Weight: 4.18 grams

Metal: 90% Gold, 10% Copper

Note for clients in the European Union: This lot is considered by the European Union to be “investment gold”. We believe that it meets the criteria established in Article 344(1), point (2) of Council Directive 2006/112/EC and thus should be exempt from import VAT regardless of the selling price. Any questions or concerns about VAT should be addressed to your accountant or local tax authority.

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